Geely-Backed Polestar to Exit the U.S. From 2027 as China Software Rules Bite
Polestar’s application to sell new vehicles in the U.S. was rejected due to regulations on connected vehicle software from China.
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Volvo Recalls 2,501 EX30 SUVs in China Over Battery Defect Risk
Volvo’s EX30 recall affects 2,501 Chinese vehicles due to battery issues, highlighting broader quality concerns across Geely’s brands.
China-Made Tesla Model Y Tops Japan’s Imported Car Rankings in May
Tesla’s Model Y became Japan’s best-selling imported passenger car in May 2026, showing significant growth in registrations.
Volvo to Raise Polestar Stake to 19.9% via Debt-to-Equity Conversion
On March 31, Polestar announced that Volvo Cars has agreed to convert approximately $274 million in outstanding shareholder loans into…
Geely Taps Volvo to Lead Lynk & Co Expansion in Europe
No equity changes involved in this MoU—Lynk & Co remains under Geely control, while Volvo focuses on commercial execution to accelerate expansion.
Geely Expands in Five European Markets With E5, Starray EM-i
Geely E5 and Starray EM-i now span nearly 20 mainstream European countries, backed by localized supply and service networks.
Europe Car Registrations Fall 3.5% in Jan, BYD Surges 165%, Tesla Drops 17%
Chinese brands sold a combined 70,465 vehicles in Europe in January, up 80% YoY, lifting market share from 4% in January 2025 to 7.4%.
Volvo Recalls 40,323 EX30s Globally Over Battery Fire Risk
The recall covers both the single-motor Long Range and dual-motor Performance variants of the EX30, spanning over ten countries including the U.S., UK, Australia, and Brazil.
Sunwoda Reaches Settlement With Geely-Backed VREMT, Sees Over $72M Profit Hit in 2025
Sunwoda expects the settlement to impact its net profit attributable to shareholders in 2025 by RMB 500–800 million ($72–115 million).
Volvo Reports 177,830 Global Sales in Three Months to End of Jan, Down 7%
In the reported three-month period, Volvo’s EV models together accounted for 49% of total deliveries, with BEVs representing 24% and PHEVs 25%.